India Central Bank to Make CBDC Available Offline, Das Says

The Reserve Bank of India is working to make its digital currency available without being dependent on internet access, according to Governor Shaktikanta Das.

“One of the key features of cash is that it works offline,” Das said Monday at an event hosted by Bank for International Settlements. “We are working on making the CBDC transferable in the off line mode also.”

India is one of the few economies to experiment with a digital currency backed by a central bank, even as developed nations tread cautiously. The country expanded the use of its digital currency on a pilot basis, ...